2. Awards for scholarships are made to a few selected
colleges and universities. Selections of those to receive scholarship
awards are made by the colleges and universities.
Because of Federal regulations, the Foundation cannot award financial aid or
make loans to individuals.

3. The majority of our funding is made to local
charitable organizations or through local affiliates of national or statewide
organizations.

4. Awards are made only to recognized charitable
organizations which qualify under Section 501(c)(3) of the Internal Revenue Code
as tax exempt organizations.

5. Religious contributions are basically limited to the local
Episcopal churches.

6. Funding is not available to organizations outside the United
States or those limited by race or ethnic origin.

7. The Foundation refrains from making awards for endowments or
deficit financing.

8. Awards are not made to other Foundations except for Community
Funds.

9. The total amount of money awarded to all charitable
organizations for any given year is governed by, but not necessarily
limited to, that minimum required by the Internal Revenue Service Code.

INFORMATION FOR APPLICANTS

1. Requests for contributions, gifts and grants must
be submitted prior to our December 1 deadline. Requests are then reviewed
by the Board of Trustees Distribution Committee with approved awards being made
after February 15 of the following year.

2. Proposals or requests must be made in writing with the following
information included.

a. A copy of the I.R.S. letter of determination qualifying the
organization as a tax exempt charitable organization.

b. A description of the proposed project and justification of need
thereof.

c. A detailed explanation of the use of the funds requested.

d. List of the names of the governing board and the name of the
chief administrator of the organization.

e. Current financial statement including the sources of funding,
income and expenses.

3. All requests received shall be acknowledged in
writing by the chief administrator and all checks shall bear a proper and legal
endorsement.

All organizations receiving approval of their
grant requests mustsign a Memorandum of
Agreement prior to any disbursement of funds by the
Foundation.